SEC investigating Steve Jobs heart attack story as stock manipulation

Late last week, a false report that Steve Jobs had been rushed to the hospital following a heart attack sent lemming investors to sell AAPL, driving the stock price down to $97.07, its lowest since before the original iPhone release.

Now the SEC (Securities and Exchange Commission) is looking into the report as intentional stock manipulation.CNN will likely not be a target of the investigation, as the iReport site that the story was posted on is labeled as unfiltered and potentially inaccurate. CNN did remove both the story and the poster’s account shortly after it was brought to their attention, but not before it was posted to Digg and gained large traction on the internet, causing the panic.

Stocks rose back to above $100 after Apple denied the claim, but fell again, ending the day at a new 52-week low.

All I can say is buy, buy, buy.

Read [MacNN]